Sunedison Semiconductor Ltd (SEMI) is Downgraded by Wells Fargo to Market Perform

Sunedison Semiconductor Ltd (SEMI) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Aug 18, 2016.

Many Wall Street Analysts have commented on Sunedison Semiconductor Ltd. Sunedison Semiconductor Ltd was Upgraded by Citigroup to ” Neutral” on Aug 18, 2016.

On the company’s financial health, Sunedison Semiconductor Ltd reported $-1.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.26. The company had revenue of $190.90 million for the quarter, compared to analysts expectations of $198.32 million. The company’s revenue was down -7.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.

Sunedison Semiconductor Ltd opened for trading at $8.18 and hit $8.68 on the upside on Wednesday, eventually ending the session at $8.28, with a gain of 1.22% or 0.1 points. The heightened volatility saw the trading volume jump to 1,91,726 shares. Company has a market cap of $351 M.

In a different news, on Aug 24, 2015, Michael F. Bartholomeusz (director) sold 12,025 shares at $12.31 per share price. According to the SEC, on Aug 18, 2015, Shaker Sadasivam (CEO) purchased 26,792 shares at $13.14 per share price. On Aug 18, 2015, John Anthony Kauffmann (VP-Global Sales) purchased 4,000 shares at $13.11 per share price, according to the Form-4 filing with the securities and exchange commission.

SunEdison Semiconductor Limited is engaged in the development manufacture and sale of silicon wafers. The Company also develops advanced substrates such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market. It also sells intermediate products such as polysilicon ingots and scrap wafers to semiconductor device and equipment makers. It has approximately 1500 products in its portfolio. It offers wafers with a variety of features and in varying sizes flatness characteristics crystal properties and electrical properties. Its wafers range in size from around 100 millimeters to 300 millimeters. It also manufactures a limited number of around 450 millimeters mechanical wafers that are used by semiconductor equipment manufacturers for development of process equipment. It sells its products to the semiconductor manufacturers including integrated device manufacturers and pure-play semiconductor foundries and companies that specialize in wafer customization.

Sunedison Semiconductor Ltd

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